Give me a multiple choice question for business studies.
Understand the Problem
The question is asking for a multiple choice question related to business studies. This indicates a need for knowledge in business concepts or theories, possibly for educational purposes.
Answer
What is 'unlimited liability'? a) Personal possessions can be taken to repay a debt, b) Personal possessions cannot be taken to repay a debt.
One example of a multiple choice question in business studies might be: What is 'unlimited liability'? Choices: a) Personal possessions can be taken to repay a debt, b) Personal possessions cannot be taken to repay a debt.
Answer for screen readers
One example of a multiple choice question in business studies might be: What is 'unlimited liability'? Choices: a) Personal possessions can be taken to repay a debt, b) Personal possessions cannot be taken to repay a debt.
More Information
Unlimited liability refers to the legal obligations that owners have, where their personal assets may be used to cover business debts. This is typically associated with sole proprietorships and partnerships.
Tips
Confusing unlimited with limited liability, which protects personal assets.
Sources
- IGCSE Business Studies | 2.7K plays - Quizizz - quizizz.com
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